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China produces many American summer essentials — from swimsuits and flip-flops to beach shades to grills — and this weekend's trade talks might not avert price rises.
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Treasury Secretary Scott Bessent is meeting with Chinese officials in Geneva, Switzerland, for trade talks as the Trump administration pushes for progress in its trade wars.
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Market Awaits U.S.-China Talks; Tesla Offers Aggressive Entry Investor's Business DailyStock market today: Dow, S&P 500, Nasdaq end volatile week lower as Wall Street braces for US-China talks Yahoo FinancePresident Trump floats cutting China tariffs to 80% ahead of meeting as he looks to deescalate trade war 6abc Philadelphia
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The president said reducing tariffs to 80 percent from the current 145 percent "sounds right," as U.S. and Chinese negotiators prepare to meet in Switzerland.
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Investors have already been told to expect billions of dollars in lost corporate profits due to new tariffs.
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